Glock leaves Marussia amid 'tough economic conditions'

Formula 1 driver Timo Glock has agreed to leave Marussia in a cost-cutting move ahead of the 2013 season.

The British-based team says the 30-year-old German left after three seasons by "mutual consent."

Team principal John Booth says the "ongoing challenges facing the industry mean that we have had to take steps to secure our long-term future. Tough economic conditions prevail and the commercial landscape is difficult for everyone."

Highlighting how Glock had a valid contract, Booth thanked him for "working with us to reach this decision."

Marussia is yet to announce who will team up with newcomer Max Chilton on the grid for the new season, which opens with the Australian Grand Prix on March 17.